The Europe Multi-cloud Security Market would witness market growth of 17.1% CAGR during the forecast period (2022-2028).
In the contemporary business climate, creativity, adaptability, and agility are all essential success factors. In order to improve business operations, facilitate hybrid and virtual work environments, as well as increase customer value, organizations are rapidly deploying cloud. Even though there are numerous factors to take into account, whether using single- or multi-cloud systems, it is obvious that cloud transition has become a necessity for most enterprises.
Additionally, multi-cloud environments are beneficial. By distributing the data around several clouds, users can choose among different cloud service providers depending on how well respective advantages complement other facets of the company. Companies may free up more resources for expansion and innovation by outsourcing key business processes and workflows to the cloud rather than creating the necessary physical infrastructure inside.
The EU has acknowledged the value of the cloud for the welfare of all of Europe. To encourage the development of cutting-edge infrastructures and services, the EU's economic ministers have announced the IPCEI-CIS project, which stands for Important Project of Common European Interest for Next Generation Cloud Infrastructure and Services. The IPCEI for Cloud Infrastructure and Services (CIS) is designed to assist Europe in overcoming the COVID-19 dilemma. The objective is to use cutting-edge technologies to create systems that are interconnected, highly efficient, climate-neutral, and energy efficient. A significant contributor to this plan is Germany, funds from which will aid in the advancement of close cooperation with the other collaborating member states at the EU level.
The Germany market dominated the Europe Multi-cloud Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $839.9 million by 2028. The UK market is anticipated to grow at a CAGR of 16.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 18% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Application, the market is segmented into Network Security, Application Security and Endpoint & IoT Security. Based on Cloud Model, the market is segmented into Infrastructure as a Service, Platform as a Service and Software as a Service. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Vertical, the market is segmented into BFSI, IT & ITeS, Healthcare, Telecommunications, Retail & Ecommerce, Media & Entertainment, Manufacturing and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Multi-cloud Security Market will Hit $12.6 Billion by 2028, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, VMware, Inc., Rackspace Technology, Inc., Check Point Software Technologies Ltd., Amazon Web Services, Inc. (Amazon.com, Inc.), IBM Corporation, BMC Software, Inc. (KKR & Co., Inc.), Proofpoint, Inc., Aqua Security Software Ltd., and Imperva, Inc.
By Offering
By Application
By Cloud Model
By Organization Size
By Vertical
By Country
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